ADM Chart
About

Archer-Daniels-Midland Company provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds; Carbohydrate Solutions; and Nutrition. The company engages in the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed; produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers; sale of crude and partially refined vegetable oils; supplies peanuts and peanut-derived ingredients; and manufactures cotton cellulose pulp. It is also involved in the grain sourcing, handling, and multimodal transportation network supporting import, export, and distribution activities; structured trade finance activities; corn and wheat wet and dry milling and related processing activities; production of distillers' grains, corn gluten feed, and corn gluten meal for use as animal feed ingredients; and carbon capture and sequestration and other emissions-reduction initiatives. In addition, the company engages in the creation, manufacturing, sale, and distribution of an array of ingredients and solutions comprising plant-based proteins, flavors and colors derived from nature, flavor systems, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients and systems. Further, it is involved in the derivatives and commodity exchanges and clearing houses; and insurance coverage for certain property, casualty, marine, medical, and other miscellaneous risks. The company was founded in 1902 and is based in Chicago, Illinois.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Farm Products Market Cap 32.69B
Enterprise Value 41.74B Income 1.08B Sales 80.27B
Book/sh 47.36 Cash/sh 2.18 Dividend Yield 3.06%
Payout 91.48% Employees 40798 IPO —
P/E 30.50 Forward P/E 14.59 PEG —
P/S 0.41 P/B 1.44 P/C —
EV/EBITDA 16.55 EV/Sales 0.52 Quick Ratio 0.29
Current Ratio 1.36 Debt/Eq 42.38 LT Debt/Eq —
EPS (ttm) 2.23 EPS next Y 4.66 EPS Growth -19.70%
Revenue Growth -13.70% Earnings 2026-05-05 ROA 1.71%
ROE 4.72% ROIC — Gross Margin 6.27%
Oper. Margin 1.82% Profit Margin 1.34% Shs Outstand 480.57M
Shs Float 476.95M Short Float 3.66% Short Ratio 3.68
Short Interest — 52W High 70.09 52W Low 40.98
Beta 0.68 Avg Volume 3.36M Volume 1.85M
Target Price $60.73 Recom Hold Prev Close $67.69
Price $68.02 Change 0.49%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$60.73
Mean price target
2. Current target
$68.02
Latest analyst target
3. DCF / Fair value
$80.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$68.02
Low
$50.00
High
$70.00
Mean
$60.73

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-19 main Barclays Equal-Weight → Equal-Weight $68
2026-02-04 main JP Morgan Underweight → Underweight $61
2026-01-21 main JP Morgan Underweight → Underweight $60
2025-12-16 down Morgan Stanley Equal-Weight → Underweight $50
2025-11-05 down JP Morgan Neutral → Underweight $59
2025-08-12 main Morgan Stanley Equal-Weight → Equal-Weight $57
2025-08-11 main UBS Buy → Buy $70
2025-08-06 up Barclays Underweight → Equal-Weight $61
2025-07-02 main Barclays Underweight → Underweight $50
2025-05-19 up UBS Neutral → Buy $60
2025-05-08 down B of A Securities Neutral → Underperform $45
2025-04-15 up B of A Securities Underperform → Neutral $47
2025-04-15 main Citigroup Neutral → Neutral $49
2025-02-24 main Barclays Underweight → Underweight $48
2025-02-11 main Morgan Stanley Equal-Weight → Equal-Weight $47
2025-02-11 main B of A Securities Underperform → Underperform $48
2025-02-05 main BMO Capital Market Perform → Market Perform $49
2025-01-21 main Barclays Underweight → Underweight $50
2025-01-14 down B of A Securities Neutral → Underperform $54
2024-12-04 main Citigroup Neutral → Neutral $55
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 25000 1675900.0 — Sale at price 67.04 per share. WEBER JENNIFER L Officer — 2026-02-17 00:00:00 D
1 18993 — — Stock Award(Grant) at price 0.00 per share. MORRIS GREGORY A Officer — 2026-02-12 00:00:00 D
2 23022 — — Stock Award(Grant) at price 0.00 per share. CUDDY CHRISTOPHER M Officer — 2026-02-12 00:00:00 D
3 7569 — — Stock Award(Grant) at price 0.00 per share. NICHOL CARRIE ANN Officer — 2026-02-12 00:00:00 D
4 16116 — — Stock Award(Grant) at price 0.00 per share. JONES REGINA BYNOTE Officer — 2026-02-12 00:00:00 D
5 40000 — — Stock Award(Grant) at price 0.00 per share. PATOLAWALA MONISH D Chief Financial Officer — 2026-02-12 00:00:00 D
6 17842 — — Stock Award(Grant) at price 0.00 per share. PINNER IAN R Officer — 2026-02-12 00:00:00 D
7 13094 — — Stock Award(Grant) at price 0.00 per share. WEBER JENNIFER L Officer — 2026-02-12 00:00:00 D
8 106475 — — Stock Award(Grant) at price 0.00 per share. LUCIANO JUAN R Chief Executive Officer — 2026-02-12 00:00:00 D
9 7500 486720.0 — Purchase at price 64.90 per share. MCATEE DAVID R. II Director — 2026-02-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-109.30M-58.67M1.99M-31.93M
TaxRateForCalcs0.210.190.170.17
NormalizedEBITDA4.62B6.30B6.64B4.76B
TotalUnusualItems-518.00M-304.00M12.00M-183.00M
TotalUnusualItemsExcludingGoodwill-518.00M-304.00M12.00M-183.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.80B3.48B4.34B2.71B
ReconciledDepreciation1.14B1.06B1.03B996.00M
ReconciledCostOfRevenue79.75B86.42B93.99B79.26B
EBITDA4.10B6.00B6.66B4.57B
EBIT2.96B4.94B5.63B3.58B
NetInterestIncome-144.00M-148.00M-103.00M-169.00M
InterestExpense706.00M647.00M396.00M265.00M
InterestIncome562.00M499.00M293.00M96.00M
NormalizedIncome2.21B3.73B4.33B2.86B
NetIncomeFromContinuingAndDiscontinuedOperation1.80B3.48B4.34B2.71B
TotalExpenses83.46B89.88B97.34B82.26B
DilutedAverageShares493.00M542.00M563.00M566.00M
BasicAverageShares478.00M541.00M547.00M560.00M
DilutedEPS3.656.437.714.79
BasicEPS3.776.447.934.84
DilutedNIAvailtoComStockholders1.80B3.48B4.34B2.71B
NetIncomeCommonStockholders1.80B3.48B4.34B2.71B
NetIncome1.80B3.48B4.34B2.71B
MinorityInterests21.00M17.00M-25.00M-26.00M
NetIncomeIncludingNoncontrollingInterests1.78B3.47B4.37B2.73B
NetIncomeContinuousOperations1.78B3.47B4.37B2.73B
TaxProvision476.00M828.00M868.00M578.00M
PretaxIncome2.25B4.29B5.23B3.31B
OtherIncomeExpense327.00M385.00M1.12B489.00M
OtherNonOperatingIncomeExpenses224.00M138.00M280.00M77.00M
SpecialIncomeCharges-518.00M-304.00M12.00M-183.00M
GainOnSaleOfPPE27.00M38.00M78.00M100.00M
OtherSpecialCharges119.00M
ImpairmentOfCapitalAssets519.00M309.00M37.00M125.00M
RestructuringAndMergernAcquisition26.00M33.00M29.00M39.00M
EarningsFromEquityInterest621.00M551.00M832.00M595.00M
GainOnSaleOfSecurity96.00M
NetNonOperatingInterestIncomeExpense-144.00M-148.00M-103.00M-169.00M
InterestExpenseNonOperating706.00M647.00M396.00M265.00M
InterestIncomeNonOperating562.00M499.00M293.00M96.00M
OperatingIncome2.07B4.06B4.21B2.99B
OperatingExpense3.71B3.46B3.36B2.99B
SellingGeneralAndAdministration3.71B3.46B3.36B2.99B
GrossProfit5.78B7.51B7.57B5.99B
CostOfRevenue79.75B86.42B93.99B79.26B
TotalRevenue85.53B93.94B101.56B85.25B
OperatingRevenue85.53B93.94B101.56B85.25B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber478.00M513.00M547.00M560.00M
ShareIssued478.00M513.00M547.00M560.00M
NetDebt9.55B7.00B8.14B8.60B
TotalDebt11.54B9.60B10.29B10.58B
TangibleBookValue15.40B17.79B17.74B15.73B
InvestedCapital32.33B32.50B33.46B32.02B
WorkingCapital7.78B11.11B11.22B9.96B
NetTangibleAssets15.40B17.79B17.74B15.73B
CapitalLeaseObligations1.38B1.23B1.11B1.04B
CommonStockEquity22.17B24.13B24.28B22.48B
TotalCapitalization29.75B32.39B32.02B30.49B
TotalEquityGrossMinorityInterest22.43B24.46B24.62B22.77B
MinorityInterest263.00M333.00M332.00M290.00M
StockholdersEquity22.17B24.13B24.28B22.48B
GainsLossesNotAffectingRetainedEarnings-2.99B-2.49B-2.51B-2.17B
OtherEquityAdjustments-2.99B-2.49B-2.51B-2.17B
RetainedEarnings21.93B23.46B23.65B21.66B
CapitalStock3.22B3.15B3.15B2.99B
CommonStock3.22B3.15B3.15B2.99B
TotalLiabilitiesNetMinorityInterest30.84B30.17B35.16B33.37B
TotalNonCurrentLiabilitiesNetMinorityInterest10.90B11.50B10.97B11.42B
OtherNonCurrentLiabilities997.00M1.00B1.01B1.23B
NonCurrentDeferredLiabilities1.27B1.31B1.40B1.41B
NonCurrentDeferredTaxesLiabilities1.27B1.31B1.40B1.41B
LongTermDebtAndCapitalLeaseObligation8.64B9.19B8.55B8.78B
LongTermCapitalLeaseObligation1.06B931.00M816.00M765.00M
LongTermDebt7.58B8.26B7.74B8.01B
CurrentLiabilities19.94B18.66B24.19B21.95B
OtherCurrentLiabilities972.00M1.10B1.54B1.95B
CurrentDeferredLiabilities8.46B8.64B10.55B9.55B
CurrentDeferredRevenue8.46B8.64B10.55B9.55B
CurrentDebtAndCapitalLeaseObligation2.90B406.00M1.74B1.80B
CurrentCapitalLeaseObligation324.00M300.00M292.00M277.00M
CurrentDebt2.58B106.00M1.45B1.53B
OtherCurrentBorrowings2.58B106.00M1.45B1.53B
PensionandOtherPostRetirementBenefitPlansCurrent346.00M439.00M475.00M445.00M
PayablesAndAccruedExpenses7.26B8.07B9.89B8.20B
CurrentAccruedExpenses1.42B1.30B1.48B1.29B
InterestPayable153.00M142.00M
Payables5.84B6.77B8.41B6.91B
OtherPayable73.00M223.00M220.00M
TotalTaxPayable305.00M456.00M384.00M300.00M
IncomeTaxPayable167.00M284.00M248.00M132.00M
AccountsPayable5.54B6.31B7.80B6.39B
TotalAssets53.27B54.63B59.77B56.14B
TotalNonCurrentAssets25.55B24.86B24.36B24.23B
OtherNonCurrentAssets1.31B1.30B1.33B1.37B
InvestmentsAndAdvances5.28B5.50B5.47B5.29B
LongTermEquityInvestment5.28B5.50B5.47B5.29B
InvestmentsInOtherVenturesUnderEquityMethod5.28B5.50B5.47B5.29B
InvestmentsinAssociatesatCost5.29B
GoodwillAndOtherIntangibleAssets6.77B6.34B6.54B6.75B
OtherIntangibleAssets2.26B2.24B2.38B2.56B
Goodwill4.51B4.10B4.16B4.18B
NetPPE12.20B11.72B11.02B10.83B
AccumulatedDepreciation-18.06B-17.52B-16.84B-16.42B
GrossPPE30.26B29.24B27.86B27.25B
ConstructionInProgress1.55B1.36B1.44B960.00M
OtherProperties1.36B1.21B1.09B1.02B
MachineryFurnitureEquipment20.64B20.22B19.19B19.11B
BuildingsAndImprovements6.14B5.88B5.64B5.60B
LandAndImprovements566.00M573.00M502.00M554.00M
Properties0.000.000.000.00
CurrentAssets27.72B29.77B35.41B31.91B
OtherCurrentAssets224.00M167.00M153.00M82.00M
HedgingAssetsCurrent1.11B1.55B1.70B1.65B
RestrictedCash7.73B7.79B9.73B8.62B
PrepaidAssets279.00M445.00M443.00M370.00M
Inventory11.57B11.96B14.77B14.48B
OtherInventories6.96B6.99B
FinishedGoods2.69B3.03B7.80B7.15B
RawMaterials1.92B1.94B6.97B7.33B
Receivables5.95B6.50B7.57B5.77B
OtherReceivables727.00M602.00M650.00M494.00M
TaxesReceivable643.00M610.00M684.00M787.00M
AccountsReceivable4.58B5.28B6.24B4.49B
CashCashEquivalentsAndShortTermInvestments857.00M1.37B1.04B943.00M
OtherShortTermInvestments246.00M0.00
CashAndCashEquivalents611.00M1.37B1.04B943.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow1.23B2.97B2.16B5.43B
RepurchaseOfCapitalStock-2.33B-2.67B-1.45B0.00
RepaymentOfDebt-1.00M-963.00M-482.00M-534.00M
IssuanceOfDebt27.00M501.00M752.00M1.33B
CapitalExpenditure-1.56B-1.49B-1.32B-1.17B
InterestPaidSupplementalData710.00M711.00M409.00M276.00M
IncomeTaxPaidSupplementalData658.00M742.00M708.00M553.00M
EndCashPosition3.92B5.39B7.03B7.45B
BeginningCashPosition5.39B7.03B7.45B4.65B
EffectOfExchangeRateChanges-24.00M-3.00M0.000.00
ChangesInCash-1.44B-1.64B-421.00M2.81B
FinancingCashFlow-1.53B-4.60B-2.50B-1.12B
CashFlowFromContinuingFinancingActivities-1.53B-4.60B-2.50B-1.12B
NetOtherFinancingCharges-44.00M-102.00M8.00M6.00M
CashDividendsPaid-985.00M-977.00M-899.00M-834.00M
CommonStockDividendPaid-985.00M-977.00M-899.00M-834.00M
NetCommonStockIssuance-2.33B-2.67B-1.45B0.00
CommonStockPayments-2.33B-2.67B-1.45B0.00
NetIssuancePaymentsOfDebt1.83B-852.00M-158.00M-290.00M
NetShortTermDebtIssuance1.80B-390.00M-428.00M-1.08B
NetLongTermDebtIssuance26.00M-462.00M270.00M795.00M
LongTermDebtPayments-1.00M-963.00M-482.00M-534.00M
LongTermDebtIssuance27.00M501.00M752.00M1.33B
InvestingCashFlow-2.70B-1.50B-1.40B-2.67B
CashFlowFromContinuingInvestingActivities-2.70B-1.50B-1.40B-2.67B
NetOtherInvestingChanges70.00M39.00M173.00M167.00M
NetInvestmentPurchaseAndSale-224.00M0.00-155.00M-69.00M
SaleOfInvestment84.00M0.000.001.00M
PurchaseOfInvestment-308.00M0.00-155.00M-69.00M
NetBusinessPurchaseAndSale-985.00M-41.00M-99.00M-1.60B
PurchaseOfBusiness-985.00M-41.00M-99.00M-1.60B
CapitalExpenditureReported-1.56B-1.49B-1.32B-1.17B
OperatingCashFlow2.79B4.46B3.48B6.59B
CashFlowFromContinuingOperatingActivities2.79B4.46B3.48B6.59B
ChangeInWorkingCapital-492.00M-267.00M-1.53B2.65B
ChangeInOtherWorkingCapital-693.00M-194.00M-1.51B400.00M
ChangeInOtherCurrentAssets665.00M694.00M-279.00M1.30B
ChangeInPayablesAndAccruedExpense-1.07B-4.39B2.24B4.37B
ChangeInAccruedExpense-276.00M-790.00M-44.00M-73.00M
ChangeInPayable-797.00M-3.60B2.28B4.45B
ChangeInAccountPayable-719.00M-1.54B1.39B1.92B
ChangeInInventory162.00M2.89B-295.00M-2.84B
ChangeInReceivables447.00M737.00M-1.68B-578.00M
ChangesInAccountReceivables447.00M737.00M-1.68B-578.00M
OtherNonCashItems131.00M-106.00M178.00M309.00M
StockBasedCompensation74.00M112.00M147.00M161.00M
AssetImpairmentCharge519.00M309.00M37.00M125.00M
DeferredTax-130.00M-23.00M-89.00M-129.00M
DeferredIncomeTax-130.00M-23.00M-89.00M-129.00M
DepreciationAmortizationDepletion1.14B1.06B1.03B996.00M
DepreciationAndAmortization1.14B1.06B1.03B996.00M
AmortizationCashFlow266.00M234.00M234.00M
AmortizationOfIntangibles266.00M234.00M234.00M
Depreciation875.00M825.00M794.00M
OperatingGainsLosses-232.00M-90.00M-656.00M-256.00M
EarningsLossesFromEquityInvestments-180.00M-143.00M-457.00M-177.00M
GainLossOnInvestmentSecurities-40.00M15.00M-84.00M34.00M
NetIncomeFromContinuingOperations1.78B3.47B4.37B2.73B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ADM
Date User Asset Broker Type Position Size Entry Price Patterns